Chapter 382: Most people who play the financial game are scammers!
Xing Baohua's extremely high risk index meant that he only received risk warnings from banks with which he had cooperative relationships.
In other words, he will no longer lend money to banks such as Morgan Stanley, HSBC, Citibank, and Mitsui.
If they want to continue raising funds, they can only find other companies to provide guarantees and collateral.
Xing Baohua acted like a gambler opening a betting pool, playing the game on the foreign exchange market.
He accepted every bet from Wall Street institutions that approached him for a bet.
Fortunately, there was no doubling down; it was all a one-to-one bet.
Even so, it's enough to give those investment companies a hard time. And Xing Baohua also played a little trick.
Large companies all have assets, such as real estate, land, and other things.
Xing Baohua also set conditions when he made bets with these small and medium-sized investment banks.
That means both parties first put up the funds for the betting, and then freeze them in a third-party bank.
Either all properties or land of equivalent value are frozen, and the winner takes them when the results are announced.
This is also because they were afraid that if a stock market crash came, these Wall Street lunatics would lose all their wealth and then how would they compensate Xing Baohua?
This guy doesn't want to work hard for nothing.
If you want to participate in his overseas betting platform, you'll have to put up some money first.
Some investment banks take shortcuts, even using citation certificates issued by certain banks.
They simply don't want to freeze their money and use credit to pay for future gambling.
For companies like this, Xing Baohua told them two things: either freeze the money or get out of here immediately.
Tell Huang Xingyao that he will not accept any such requests.
These are all opportunistic schemes. They target Xing Baohua hoping to make a fortune if they win, and if they lose, they'll declare bankruptcy since they don't have anything of value to compensate him anyway.
Xing Baohua originally thought that by making a big show of framing Lehman Brothers, at least those speculative investors who were targeting him would come out and join in.
Unfortunately, only Lehman Brothers was involved; none of the other speculative investors stepped forward to gamble against Xing Baohua.
Even Grandpa Su's company and Grandpa Ba's family didn't come.
This shows that they are also taking a rational view of this matter.
Xing Baohua finally finished his busy period and was able to spare some time to spend with Su Ya.
While Xing Baohua was busy, Su Ya would go out with her bodyguards to go shopping.
While shopping, she met a woman from China who was very outgoing and quickly became close to Suya.
Accompanied by her older sister, they often go shopping, eat, drink coffee, and chat together.
"Suya, does your boyfriend also work on this street?" the older woman asked.
“Yes! He’s been very busy lately and hasn’t had time to spend with me,” Su Ya replied.
The eldest sister's surname is Wang, and her name is Wang Yanqin. Her ancestral home is in Zhejiang and Jiangsu. She has been in the United States for four or five years and recently started working in finance on Wall Street.
Su Ya knew that most people working in finance were like Xing Baohua—very busy, always feeling like they didn't have enough time.
This woman seemed to have plenty of time, even able to move around freely, a stark contrast to the crowds walking briskly on the street.
"What specific area of finance does your boyfriend work in? Stocks, funds, or insurance?" Ms. Wang continued to probe.
"I don't know, probably both. I don't usually get involved in his affairs," Su Ya replied.
"Oh, it seems to be a big company. Life in America is tough; you can easily lose your job if you don't work hard. Do you know how high the local unemployment rate is right now? Even if you work hard, you have to be careful, afraid that you might be laid off at any moment," Sister Wang said.
Su Ya nodded in agreement, even fantasizing about what would happen if Xing Baohua lost his job. Would he go back to that repair shop to tighten screws on electrical appliances?
As she thought about it, she smiled.
Sister Wang felt that Su Ya hadn't listened to her, so she raised her voice slightly and said, "You have no idea how difficult it was when I first came to America! I had to work three jobs, nothing but work."
"Ah!" Sure enough, the voice was louder, pulling Su Ya back from her reverie.
"My income and life changed after I got involved in a financial business." Sister Wang threw out a hook, hoping to get Su Ya to ask, "What kind of business can change your situation?"
Unfortunately, her husband owns a private jet, and she doesn't care about other people's success. Anyway, Xing Baohua won't let her go hungry.
Seeing that Su Ya was a little distracted again, Sister Wang said, "Your boyfriend works hard, doesn't he? Don't you want to help him share some of the financial burden?"
"How do we share the burden?" Su Ya asked casually. She studied finance in college, so of course she wanted to know.
"Come work in financial investment with me! Look at me, I'm eating and drinking well now, and I can even buy some designer clothes."
"How do we do it?"
"We operate a dividend fund. If you invest $10,000, you will receive a return of principal and interest over 52 installments."
"Fifty-two issues, how much is paid per issue?" Su Ya asked.
"There are only 52 weeks in a year, which means the money will be returned to your bank account every week. If you have 10,000 yuan, it will be divided into 52 installments. Each installment will return the principal of 192.3 US dollars, plus 5% interest, which is equivalent to returning 692.3 US dollars to you every week. You can break even in 14 cycles. The remaining 30-plus installments are pure profit for you."
Hearing what Sister Wang said, Su Ya frowned slightly, quickly calculating in her mind, especially the 5% interest rate. That was even worse than loan sharking; she had never heard of such a high return on investment.
Perhaps noticing Su Ya's slight frown, Sister Wang continued, "Of course, this 5% rebate comes with conditions. You must recruit three clients and complete the initial task to receive this money that will recoup your investment in 14 cycles. If you complete the intermediate task, it's a 7% return..."
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